In order to locate the leaks of hydrogen, hydrogen sensors are integrated into hydrogen detectors and monitoring systems. This is why these sensors are used frequently in industries that produce or consume gas, from oil and gas to chemicals, from food & drinks, electrical products to the generating of power and energy, automotive, aerospace and many others, with transport being at the forefront. Transport, for example, is toxic and inflammable. Hydrogen requires a regular monitoring process. For instance, in volatile reactions, such as fertiliser production, constant monitoring of hydrogen flow is necessary.
Hydrogen is used as a catalyst and a chemical feedstock for ammonia (NH3), as a hydrogen agent for the production of foodstuffs, pharmaceutical products and petrochemicals (NH3), and as a catalyst for ammonia manufacture. Consumers who use macro scale hydrogen to produce chemical and petrochemical products tend to produce it onsite and to use it as a captive product for aggregate or part-time consumption, thereby paving the way for extensive use of hydrogen at several nodes within the industry.
The demand for hydrogen sensors in North America today accounts for most, followed by Europe. This is because in both these regions, a significant number of fuel cell car manufacturers as well as the oil and gas industry are located and hydrogen sensors play a vital role.
Relatively high research and development costs for the introduction of sensors with improved flexibility and life span play a vital role in the development of the hydrogen sensor market as a whole. Furthermore, increased demand for hydrogen sensors is a prime cause for higher demand from the power generation industry and numerous Governments adopting national carbon footprint reduction strategies to develop a local hydrogen infrastructure.
· By 2031, the market for hydrogen sensors is expected to add up to 2X.
· Electrochemical hydrogen sensors will capture a large part of the global market share, equal to three-fourths, and will generate the absolute $ 200 MN opportunity between 2021 and 2031.
· The transport industry has been the fastest growing segment among the last decade's end uses, owing to the growth of the automotive industry.
· In the year 2021 the North America market will dominate and by 2031, BPS will be 59.
· The market is expected to rise by around CAGR 7% by 2031 in Germany, China and the U.S.
· In 2020, a decrease of 2.6% was seen in demand for hydrogen sensors over the 2nd and 3rd quarters, owing to the COVID-19 crisis.
As hydrogen can decarbonize those three broad sectors of the economy, it also develops as a low carbon furniture alternative for transport, power generation and development purposes. Hydrogen is the most energy-efficient of a typical fuel per unit weight, but it is less dense than other fuels and this hinders its wide deployment. Fact.MR analysis.